Form 720s - Kentucky S Corporation Income Tax And Llet Return

Form 720S (2007)

Page 4

*0700020259*

Schedule K

SCHEDULE K—SHAREHOLDERS' SHARES OF INCOME, CREDITS, DEDUCTIONS, ETC. (See Specific Instructions for Each Line Item)

SECTION I—continued

(a) Pro Rata Share Items

(b) Total Amount

Other Items

24. (a) Type of Section 59(e)(2) expenditures ➤

24(a)

(b) Amount of Section 59(e)(2) expenditures ................................................................... (b)

25. Tax-exempt interest income ............................................................................................... 25

26. Other tax-exempt income ................................................................................................... 26

27. Nondeductible expenses .................................................................................................... 27

28. Total property distributions (including cash) other than dividends reported on

line 30 below ........................................................................................................................ 28

29. Other items and amounts required to be reported separately to shareholders

(attachschedule) .................................................................................................................. 29

30. Total dividend distributions paid from accumulated earnings and profits ..................... 30

Recapture of Tax Credits

31. Recapture of Recycling and Composting Equipment Tax Credit ..................................... 31

SECTION II—LLET Pass-through Items

1. S corporation’s Kentucky sales from Schedule A, Section I, line 1 ................................... 1

2. S corporation’s total sales from Schedule A, Section I, line 2 ........................................... 2

3. S corporation’s Kentucky property from Schedule A, Section I, line 5 ............................. 3

4. S corporation’s total property from Schedule A, Section I, line 6 ..................................... 4

5. S corporation’s Kentucky payroll from Schedule A, Section I, line 8 ................................ 5

6. S corporation’s total payroll from Schedule A, Section I, line 9 ........................................ 6

7. S corporation’s Kentucky gross profits from Schedule LLET, Section A, Column A,

line 5 ..................................................................................................................................... 7

8. S corporation’s total gross profits from all sources from Schedule LLET, Section

A, Column B, line 5 ................................................................................................................ 8

9. Limited liability entity tax (LLET) nonrefundable credit from page 1, Part II, the total

of lines 4 and 6, less $175 ..................................................................................................... 9

Form 720s - Kentucky S Corporation Income Tax And Llet Return - 2007 Page 4